InvestorQ : How do you see the latest results of Adani Ports and SEZ? Is the stock still worth investing in?
Mitali Bhutta made post

How do you see the latest results of Adani Ports and SEZ? Is the stock still worth investing in?

Answer
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Dawn Cherian answered.
4 months ago


APSEZ reported 74% fall in net profits to Rs.340 crore for the Mar-20 quarter. Net income declined marginally to Rs.3360 crore but that was largely due to the business lost during the lockdown. In the latest fiscal year, Adani Ports got a boost from adding LNG and LPG into their cargo portfolio. For now, the strategy of the company is to focus on conserving cash, generating higher free cash flows and increasing the ROCE from the business. Majority of administrative staff are working from home. However, ports fall under essential services and as such all Adani ports were operating efficiently during this period.